Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
CSRC Approves Merger of Shenzhen’s Main and SME Boards
07/02/2021
The move will simplify the structure of the Shenzhen bourse and help it to better meet the financing needs of enterprises at different stages of development.
Capital / Liquidity
SEBI to Require AMCs to Help Capitalise New Clearing Corporation
07/02/2021
Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.
Market Infrastructure
CBIRC Asks Insurance Groups to Improve Governance Mechanisms
07/02/2021
The CBIRC released the results of its first evaluation of corporate governance of insurance groups. None of the 10 participating groups top marks.
Market Infrastructure
CBIRC Evaluates Corporate Governance at Non-bank Institutions
07/02/2021
Some financial leasing, enterprise group finance, auto finance, and consumer finance companies have been unwilling or unable to enhance governance and internal controls.
Market Infrastructure
UPDATED – HKEX to Acquire Stake in Guangzhou Futures Exchange
07/02/2021
The move, being the first-ever equity investment in a mainland futures exchange by a non-mainland investor, will help HKEX promote green and low-carbon markets across the region.
Big Picture
Australian Financial System Remains Fundamentally Sound: APRA
07/02/2021
APRA chair Wayne Byres says the banking, insurance and superannuation sectors were able to act as shock absorbers for the rest of the economy amid the Covid-19 pandemic.
Capital / Liquidity
China: Liaoning Govt to Merge 12 City Commercial Banks
07/02/2021
The PBOC said the new entity will better serve the high-quality development and overall revitalisation of Liaoning.
AML / KYC
PBOC, SAFE Issue AML Guidelines for Cross-border Business
06/02/2021
The guidelines apply to cross-border activities using domestic or foreign currencies, as well as domestic activities using foreign currencies.
Enforcement
FSC Penalises Citibank Taiwan Over Reporting Errors
05/02/2021
The bank has been reporting credit data to the JCIC incorrectly since December 2010, potentially impacting the credit scores of certain customers.
Enforcement
London Trader Jailed for LIBOR Manipulation Released
05/02/2021
Tom Hayes told Bloomberg this week that efforts to replace LIBOR were pointless and that the rate was far safer now.
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